Chameleon Folders is a cool Windows freeware program which gives permanent 1–click access to your favourite folders. Why? Well if you’re like me, you’ll have one or more folders which are buried deep in the bowels of your computer which are important to a project or your life, and it’s a real pain to have to keep clicking through in Windows Explorer to get to them. With this program it’s just a matter of clicking your chosen hotkey and bang you’re there, ready to go. Very nice and very very useful. A keeper.
With Chameleon Folder you can open frequently used and favorite folders in Windows Explorer, Open/Save dialog boxes, archive extract windows, and on the desktop, etc. You can create your own Favorites menu containing submenus. Just click the middle mouse button (the button usually combined with the mouse wheel), and select the necessary folder in the menu to open it. In addition, you can open recent folders and files.
http://www.codesector.com/directfolders.php
Direct Folders is an alternative…